Charleston Real Estate | Buy Sell Searchhttp://charlestononlinehomes.com
Search the Charleston MLS for all Charleston homes for sale. Your guide to Charleston real estate, area communities and neighborhoods.Mon, 02 Mar 2015 12:59:58 +0000en-UShourly1This week in Charleston real estatehttp://charlestononlinehomes.com/2015/03/02/this-week-in-charleston-real-estate-8/
http://charlestononlinehomes.com/2015/03/02/this-week-in-charleston-real-estate-8/#commentsMon, 02 Mar 2015 12:59:58 +0000http://charlestononlinehomes.com/?p=13267February might be short but it can be a brutal month for weather as it was this year not only here in Charleston but apparently it was much worse around the country so thankfully, it’s finally March.

On a positive note, February home sales were once again excellent and as of this morning (with additional sales likely to be reported later today and this week), Charleston home sales in February were over 10 percent higher than last year.

Now you might think that active listings are climbing toward 6000 when you see the high number of new listings every week but as of this morning in the Charleston MLS we’re sitting at 5282 homes for sale. Homes under contract are climbing toward 3000 though with 2262 contingent and 650 pending.

This week in Charleston real estate:

438 new listings came on the market.

331 homes had a price adjustment.

377 homes went under contract.

328 homes were reported as sold this week in the Charleston MLS.

Statistics compiled by Howard Arnoff using the Charleston MLS as the source of data, information deemed reliable but not guaranteed.

]]>http://charlestononlinehomes.com/2015/03/02/this-week-in-charleston-real-estate-8/feed/0This week in Charleston real estatehttp://charlestononlinehomes.com/2015/02/23/this-week-in-charleston-real-estate-7/
http://charlestononlinehomes.com/2015/02/23/this-week-in-charleston-real-estate-7/#commentsMon, 23 Feb 2015 12:56:37 +0000http://charlestononlinehomes.com/?p=13260I just saw the Red Carpet and the opening number and woke up this morning to find out who won what but what could The Oscars possibly have to do with Charleston real estate. I mentioned to my wife that this year the academy was honoring the best movies that didn’t sell too many tickets (excluding American Sniper which sold tickets but wasn’t going to win many awards). If you’re selling your home and even if it’s a very nice home, well priced and the market is good, sometimes your potential buyers all seem to buy a ticket for a different movie. So relax, it will happen.

Well, the Charleston real estate market continues to exhibit strength and new listings keep on coming but the market is absorbing everything. The number of active listing in the Charleston MLS as of this morning is actually lower than last week sitting at 5395 despite 432 new listings. Homes under contract remain high with 2242 continent and 631 pending.

This week in Charleston real estate:

432 new listings came on the market.

397 homes had a price adjustment.

351 homes went under contract.

245 homes were reported as sold this week in the Charleston MLS.

Statistics compiled by Howard Arnoff using the Charleston MLS as the source of data, information deemed reliable but not guaranteed.

]]>http://charlestononlinehomes.com/2015/02/23/this-week-in-charleston-real-estate-7/feed/0This week in Charleston real estatehttp://charlestononlinehomes.com/2015/02/16/this-week-in-charleston-real-estate-6/
http://charlestononlinehomes.com/2015/02/16/this-week-in-charleston-real-estate-6/#commentsMon, 16 Feb 2015 13:01:48 +0000http://charlestononlinehomes.com/?p=13251The Charleston housing market is so busy so early this year that the statistics for This week in Charleston real estate are simply amazing.

Over 300 homes going under contract for 4 consecutive weeks this early in the year is simply unprecedented even during the housing boom. New listings keep coming but inventory is stable. Most importantly, sales are closing.

As of this morning, according to the Charleston MLS there are 5438 active listings of homes for sale in Charleston. Homes under contract continue to climb and with 2147 contingent and 606 pending, the 3000 milestone is now in sight.

This week in Charleston real estate:

456 new listings came on the market.

395 homes had a price adjustment.

325 homes went under contract.

206 homes were reported as sold this week in the Charleston MLS.

Statistics compiled by Howard Arnoff using the Charleston MLS as the source of data, information deemed reliable but not guaranteed.

]]>http://charlestononlinehomes.com/2015/02/16/this-week-in-charleston-real-estate-6/feed/0Charleston Real Estate Market Report, January 2015http://charlestononlinehomes.com/2015/02/13/charleston-real-estate-market-report-january-2015/
http://charlestononlinehomes.com/2015/02/13/charleston-real-estate-market-report-january-2015/#commentsFri, 13 Feb 2015 13:23:13 +0000http://charlestononlinehomes.com/?p=13233Monthly home sales were the highest for any January since 2007 but the big difference between 2015 and back before the housing market meltdown is that inventory back then was significantly higher and growing while inventory today is stable at much lower levels.

Statistics compiled by Howard Arnoff using the Charleston MLS as the source of data, information deemed reliable but not guaranteed.

Highlights:

Across the board, January was another outstanding month and the Charleston real estate market is poised to have another excellent year.

Year over year home sales have been higher in every month with the exception of just once in the last 3 years.

Sales are being driven by continued low interest rates and the Charleston economy with strong job growth along with many people simply desiring to relocate and / or retire to Charleston.

Prices have improved but have not skyrocketed so the sales gains continue to be sustainable.

As mentioned above, inventory is down and while the absorption rate has been favoring sellers, buyers are still able to find a nice selection of available properties for sale.

Monthly Home Sales

Monthly Home Inventory

Monthly Absorption Rate

Yearly Comparison

]]>http://charlestononlinehomes.com/2015/02/13/charleston-real-estate-market-report-january-2015/feed/0This week in Charleston real estatehttp://charlestononlinehomes.com/2015/02/09/this-week-in-charleston-real-estate-5/
http://charlestononlinehomes.com/2015/02/09/this-week-in-charleston-real-estate-5/#commentsMon, 09 Feb 2015 13:53:09 +0000http://charlestononlinehomes.com/?p=13227The Charleston spring selling season has started early and it isn’t just the sunshine with temperatures in the 70’s that we’re enjoying but the high level of activity in the Charleston real estate market that is almost unprecedented for so early in the year.

I’m sure the combination of our strong local economy, low interest rates and the miserable winter weather that Northerners are suffering through once again this year are all playing a role in how active the Charleston housing market has been this year.

453 new listings of Charleston homes for sale hit the market last week and 318 homes went under contract so the market is absorbing inventory very nicely. As of this morning in the Charleston MLS, 5419 homes are available for sale and over 2500 homes are under contract with 2054 contingent and 584 pending.

The future looks very bright.

This week in Charleston real estate:

453 new listings came on the market.

353 homes had a price adjustment.

318 homes went under contract.

210 homes were reported as sold this week in the Charleston MLS.

Statistics compiled by Howard Arnoff using the Charleston MLS as the source of data, information deemed reliable but not guaranteed.

]]>http://charlestononlinehomes.com/2015/02/09/this-week-in-charleston-real-estate-5/feed/0This week in Charleston real estatehttp://charlestononlinehomes.com/2015/02/02/this-week-in-charleston-real-estate-4/
http://charlestononlinehomes.com/2015/02/02/this-week-in-charleston-real-estate-4/#commentsMon, 02 Feb 2015 13:44:11 +0000http://charlestononlinehomes.com/?p=13221What a great Super Bowl! No matter who you were cheering for it was one of the most exciting games and that’s almost all everyone really should care about. Probably except for Seattle’s players and 12’s.

The Charleston real estate market is pretty super right now too. We’re seeing unprecedented activity for so early in the year and since I always consider the day after the Super Bowl to be the unofficial beginning of the spring selling season, it’s shaping up to be another great year in the Charleston housing market for both buyers and sellers.

For those of you keeping tracking each week, there are 5354 Charleston homes for sale as of this morning in the Charleston MLS and homes under contract are over 2500 already with 1970 contingent and 570 pending. January home sales are already sitting at 817 compared to 782 last year and I would expect a nice bump from additional closings that get reported not only today but over the next week or so.

This week in Charleston real estate:

422 new listings came on the market.

335 homes had a price adjustment.

354 homes went under contract.

271 homes were reported as sold this week in the Charleston MLS.

Statistics compiled by Howard Arnoff using the Charleston MLS as the source of data, information deemed reliable but not guaranteed.

]]>http://charlestononlinehomes.com/2015/02/02/this-week-in-charleston-real-estate-4/feed/0This week in Charleston real estatehttp://charlestononlinehomes.com/2015/01/26/this-week-in-charleston-real-estate-3/
http://charlestononlinehomes.com/2015/01/26/this-week-in-charleston-real-estate-3/#commentsMon, 26 Jan 2015 12:57:36 +0000http://charlestononlinehomes.com/?p=13214With the Northeast bracing for this year’s version of Snowmageddon, Charleston is looking forward to a delightful winter day with sunshine and highs in the lower 60’s, one more reason that more and more people from the North decide to retire or relocate to the Charleston area every year.

The Charleston real estate market is very active very early this year with lots of new listings but more importantly lots of homes going under contract. 354 homes under contract in a week is practically unheard of for this time of year.

There are now 5443 active listings in the Charleston MLS as of this morning and homes under contract total over 2400 with 1867 contingent and 574 pending. Home sales so far in January total 556 so it won’t take all that many closings this week to top last year when 782 homes sold in January.

This week in Charleston real estate:

442 new listings came on the market.

357 homes had a price adjustment.

354 homes went under contract.

180 homes were reported as sold this week in the Charleston MLS.

Statistics compiled by Howard Arnoff using the Charleston MLS as the source of data, information deemed reliable but not guaranteed.

]]>http://charlestononlinehomes.com/2015/01/26/this-week-in-charleston-real-estate-3/feed/0This week in Charleston real estatehttp://charlestononlinehomes.com/2015/01/19/this-week-in-charleston-real-estate-2/
http://charlestononlinehomes.com/2015/01/19/this-week-in-charleston-real-estate-2/#commentsMon, 19 Jan 2015 13:07:31 +0000http://charlestononlinehomes.com/?p=13209This week in Charleston real estate was nowhere near as exciting as the Seahawks comeback against the Packers yesterday but consistency is probably the best description for the market in general.

As of this morning in the Charleston MLS, there were 5433 available homes for sale, one more than last week. Future activity continues to look positive with the number of homes under contract topping 2200 with 1716 contingent and 568 pending. And once the Super Bowl is over and the Charleston real estate market unofficially enters the spring selling season, buyers will more than likely continue to put contracts on homes for sale at the solid pace we’ve seen recently.

This week in Charleston real estate:

378 new listings came on the market.

389 homes had a price adjustment.

262 homes went under contract.

218 homes were reported as sold this week in the Charleston MLS.

Statistics compiled by Howard Arnoff using the Charleston MLS as the source of data, information deemed reliable but not guaranteed.

]]>http://charlestononlinehomes.com/2015/01/19/this-week-in-charleston-real-estate-2/feed/0Charleston Real Estate Market Report, December 2014 Year Endhttp://charlestononlinehomes.com/2015/01/16/charleston-real-estate-market-report-december-2014-year-end/
http://charlestononlinehomes.com/2015/01/16/charleston-real-estate-market-report-december-2014-year-end/#commentsFri, 16 Jan 2015 12:56:04 +0000http://charlestononlinehomes.com/?p=13187It was another outstanding year for the Charleston real estate market in 2014 with Charleston home sales recording their 4th best total in history trailing only 2005, 2006 and 2004. Most importantly, continued growth appears to be sustainable.

Statistics compiled by Howard Arnoff using the Charleston MLS as the source of data, information deemed reliable but not guaranteed.

Highlights:

The median price of $220,000 for all of 2014 set a new record high eclipsing the previous high back in 2007. Price growth remains moderate and sustainable.

Home sales were over 7 percent higher than last year and demand at all price ranges and in all areas remains strong.

While the absorption rate slightly favors sellers, inventory is not so scarce that buyers are unable to find available properties.

Monthly Home Sales

Monthly Home Inventory

Monthly Absorption Rate

Yearly Comparison

Year to Year

Month to Month

]]>http://charlestononlinehomes.com/2015/01/16/charleston-real-estate-market-report-december-2014-year-end/feed/0Charleston median home price sets record highhttp://charlestononlinehomes.com/2015/01/14/charleston-median-home-price-sets-record-high/
http://charlestononlinehomes.com/2015/01/14/charleston-median-home-price-sets-record-high/#commentsWed, 14 Jan 2015 13:09:25 +0000http://charlestononlinehomes.com/?p=13173The Charleston median home price for 2014 was $220,000 which is a new record high easily eclipsing the prior high of $207,500 set in 2007.

So the first thing you might think is that the Charleston real estate market has completely recovered from the housing crash and while the market has recovered very nicely, that isn’t quite the case so let me explain.

In 2006 prices on a dollar per square foot basis reached their peak before we started to see inventory build and sales slow during 2007 and then ultimately have a pretty rough go of things for several years beginning in 2008.

You really don’t buy a home at the median price, the median is simply the mid point price of all sales. The price of a home is best measured by dollars per square foot and it can vary widely depending on location and other factors.

So while it is good news to have seen improving median home prices for the past 3 years, the price per square foot mostly remains approximately 5 to 15 percent lower than in 2006. The following statistics are for single family detached homes in some of the most popular areas of Charleston.